Monday, November 21. 2011

The problem, as with investors in tech stocks and real estate, is that students are paying an over-valued price for an under-valued product. They're going deeply into debt to do so, and most of the time that's made possible by Uncle Sam.
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It remains to be seen how the higher-education catastrophe will play out, but one development is certain. If the government continues to bail out students who graduate with all but worthless degrees, a bust is coming.